Once again, the stock markets show clear signs of weakness after nearly catastrophic economic data. In a previous analysis, we advised against buying NVIDIA stock and instead referred to a buy limit. This statement remains valid. However, given the current situation, there is now an opportunity for a lucrative short position on NVIDIA, as shown in this trading idea.
Learn how to read price! Learn where the key areas are Learn good risk reward Take notes on how FOMO and Euphoria behave, feel, and trade like Learn what tight tight tight looks and behaves like both up and down Learn the difference between CORRECTION and REVERSAL! Shorting is for the elite of elite Navy Seal Snipers!
Oh NVDA, NVDA and its tricks. What a disaster stock, but I still trade it daily. Let's go over what to expect next week: There is an immediate setup on the chart for a bullish continuation up. However, its minor and just saying that we will snag up to 883: That is with extended hours turned off. Extended hours really just makes a mess out of things based on...
There are always two sides to every coin, heads or tails; and there are always two sides to every chart, bearish and bullish. Here we are going to be looking at the signals for the NVDA stock on both sides. Nvidia was already a massive company thanks to its chips and cards but with the advent of Cryptocurrency it become #1. Now we have this situation where the...
Uptrend Rules Strong : Second closing candle above the high of the first breakout candle. Semi-strong : Price reaches above the high of the breakout candle at any point. Weak : The second candle post-breakout closes above the 34 EMA (high) of the breakout candle. Downtrend Rules Strong : Two consecutive candle closes below the 34 EMA (Low). This...
🔴 Resistance - 883 🔴 🚀 Target - 893 - 904 🚀 🟢 Support - 877 🟢 🚀 Target - 861- 850 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION &...
NVDA with high volume broke out of the trading range 400 to 500 which has been a range for more than 6 months and trades at around 550 atm. Usually, after significant breakouts, price movement tend to Rallye not more than 5% higher off of an all-time high, if it does euphoria is kicking in. Price action could look for a pullback or consolidation to former...
We can attempt to short NVDA from specified level if it break HL , trendline support , also there is bearish divergence indicate that it move downward. SL , TP mention in chart.
Nvidia has been weak as of the last month, after a major run-up in the stock. Since we have no catalysts on the short term horizon, I am forecasting a fall back towards $700. However, in the short term we can get as high as $927 before falling back towards my target of $700. To get this sort move in the stock I will remove the purple alternative path of the...
#market_pulse #Gold 👋 Hey hey hey, SabioTraders! 👀 Let's dive into #NVIDIA and its potential trading opportunities. 📉 Technical and Fundamental Insights On the hourly chart, you can see how the price is trading at the upper boundary of the descending channel and has hit the MA(200). Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOGL) essentially said...
🔴 Resistance - 865 🔴 🚀 Target - 888 - 905 🚀 🟢 Support - 855 🟢 🚀 Target - 839- 827 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION &...
NVIDIA NVDA continues to swing upwards. We are keeping an eye on the $1000 level. Is this a good time for a call Option entry?
NVIDIA Corporation is forming a bullish flag. It will continue its trend on breakout.
According to the chart, if the candlestick stands above the resistance level as shown and the RSI line crosses above the 70 line, it indicates a potential opportunity for entering a long position to capture profits. However, if the conditions haven't been met yet, it's advisable to wait for confirmation before buying.
NVDA has created an expanding channel and the price confirmed a bullish breakout under the hourly timeframe. Here we see a potential rally to the upside back towards the previous resistance zone. And also the price managed to respect the demand zone highlighted.
As we watch NASDAQ:NVDA for our next short trading opportunity, we have to keep in mind the unfilled daily gap around 680. After a hefty pullback we could see the stock cluster and move higher looking for a double top where a second and even bigger pullback will occur and the gap below becomes filled. With markets turning higher and only 3-4 months left until...
Nvidia stock continues to rise as it closed the weekly candle above the 841.82 level. The direction seems to be pushing towards the resistance of the 960.55 level.Rising to this level will undoubtedly not be without correction.The price may start a short correction to around the 841.80 level early this week and then continue the upward trend. Alternatively,...